explain the condition that led to the establishment of East India Company
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Explanation:
East India company is formed as a trading company to trades over seas, basically from India.
Trading is most profitable business of that time,this time is before the industrialization of Britain.
Even before British, the Dutch and French company's are trading from India.
They buy from India at very nominal rate and sale the product in Europe with a profit margin of 3 to 4 times.
British faces a strong competition in trading from Dutch and french company's in their starting era i.e. around 1650.
The policy of trading is changed from battle of plassey in 1757 towards colonization.
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